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Just like the internet will be nothing more than a fancy fax machine. http://en.wikiquote.org/wiki/Paul_Krugman http://en.wikiquote.org/wiki/Paul_Krugman
by drcode 13y ago
Just like the internet will be nothing more than a fancy fax machine. http://en.wikiquote.org/wiki/Paul_Krugman http://en.wikiquote.org/wiki/Paul_Krugman
- gwern 13y agoAhem: https://en.wikipedia.org/wiki/Productivity_paradox https://en.wikipedia.org/wiki/Productivity_paradox
- drcode 13y agoInteresting line of thought, I agree, but I don't think many Economists nowadays would seriously argue that we'd be more productive if the internet had never happened (this is mainly an idea from the 80s and 90s, pre-internet) ...but I find the section on how credit card overhead is a big factor in lost technological productivity very ironic in a bitcoin thread.